What term describes the power TREC has to make legal decisions and judgments?

The term that describes the power TREC has to make legal decisions and judgments is "jurisdiction." In legal contexts, jurisdiction refers to the authority granted to a legal body, such as a court or regulatory agency, to make decisions and enforce laws within a certain geographical area or over specific types of issues. TREC, which stands for the Texas Real Estate Commission, possesses jurisdiction in matters related to real estate transactions and the regulation of real estate professionals in Texas. This allows TREC to enforce compliance with state laws and regulations, investigate complaints, hold hearings, and impose disciplinary actions when necessary.

The other terms do not accurately capture this specific power. "Authority" is a broader term that refers to the right to make decisions, but it does not encompass the legal framework within which those decisions can be made. "Power of Attorney" pertains to a specific legal delegation granting someone the ability to act on another's behalf, usually in financial or legal matters, and is not directly related to regulatory jurisdiction. "Legal Oversight" indicates a monitoring role but does not specify the legal power to adjudicate or enforce laws, which is inherent in the concept of jurisdiction.